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Williams chairman Parr leaves team 26 Mar 2012

Adam Parr (GBR) CEO Williams.
Formula One World Championship, Rd1, Australian Grand Prix, Preparations, Albert Park, Melbourne, Australia, Thursday, 15 March 2012 Bruno Senna (BRA) Williams FW34.
Formula One World Championship, Rd2, Malaysian Grand Prix, Race, Sepang, Malaysia, Sunday, 25 March 2012 Bruno Senna (BRA) Williams FW34.
Formula One World Championship, Rd2, Malaysian Grand Prix, Qualifying, Sepang, Malaysia, Saturday, 24 March 2012

Williams announced on Monday that their chairman Adam Parr will depart the team at the end of the week. Parr joined Williams as chief executive officer just over five years ago to assist team founder Frank Williams.

“I asked Adam to join Williams at the end of 2006 to support me in the running of our team,” said Williams. “Over five years, Adam’s achievements have surpassed my expectations and I must thank him for his service. Not least for the decisive role he played in the technical changes made last year which are beginning to show through in the team’s improved competitiveness this season, and for leading this company to a successful IPO.

“Adam leaves us on good terms to pursue a better balance in his life for which I wish him and his family well. He has left us in good shape and I have every confidence that the Board and senior management team at Williams will continue to drive the business forward into a promising future.”

Nick Rose, ex-CFO of Diageo PLC and currently a non-executive director of Williams Grand Prix Holdings and two FTSE100 companies, has been appointed non-executive chairman. Majority and controlling shareholder Frank Williams will continue to oversee the company with the support of shareholder and non-executive director Toto Wolff, CEO Alex Burns and the rest of the board.

“I am very grateful to Frank for giving me the opportunity to work for Williams over the past five years - a period that has been both challenging and rewarding,” said Parr. “Williams is a unique team with over 500 great-hearted and talented people and many superb partners in and out of Formula One. Williams is now set up to move forward and I wish everyone at Grove well.”

After a disappointing 2011 season, the British team have enjoyed a strong start to 2012 and scored eight points at Sunday’s Malaysian Grand Prix, courtesy of Bruno Senna, who finished sixth.

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